VirnetX effects 1-for-20 reverse stock split; trading starts Oct 26

VirnetX Holding Corp

1-for-20 reverse stock split effective 4:00 pm ET on Oct 25, 2023; stock begins trading split-adjusted Oct 26 on NYSE under VHC.
Reverse split approved by stockholders with 31,999,279 for, 6,289,858 against, 671,137 abstentions at Oct 24 special meeting.
Authorized shares unchanged at 100,000,000; fractional shares paid in cash based on closing price at effective time.
Proportional adjustments made to outstanding stock options, restricted stock units, and the 2020 warrant.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

VirnetX Holding Corp: 1-for-20 reverse stock split effected by filing a certificate of amendment to the Amended and Restated Certificate of Incorporation (effective 2023-10-25).

Change: charter amendment
Effective: 2023-10-25

Exact text from the filing

filed a certificate of amendment to the Company’s Amended and Restated Certificate of Incorporation (the “ Charter Amendment ”) with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split (the “ Reverse Stock Split ”) of the shares of the Company’s common stock outstanding or held in treasury, par value $0.0001 per share, effective as of 4:00 p.m., Eastern Time, on October 25, 2023 (the “ Effective Time ”).

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

VirnetX Holding Corp shareholders approved Approval of the Charter Amendment to effect a reverse stock split at the 2023-10-24 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2023-10-24

Exact text from the filing

Proposal 1: Approval of the Charter Amendment: Votes For Votes Against Abstentions 31,999,279 6,289,858 671,137

View on SEC.gov

256 governance changes filed in the last 30 days. Browse all governance changes →

VirnetX Holding Corp filing history →

Source: SEC EDGAR

accession 0001140361-23-049516

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.